Saturday, April 21, 2012

Bayesian Econometrics - Forty Years On

My Ph.D. dissertation was in Bayesian Econometrics. I started working on the dissertation early in 1973, and Arnold Zellner's classic text had been available for just over a year. So, perhaps not surprisingly, one of the first things that I did was to sit down and go through his book with a fine tooth comb. It took quite a while, but it was time well spent!